Rick Nakama, Realtor, keeps me updated with the latest real estate market activity - I would certainly feel comfortable referring his services to family and friends in need of a knowledgable and friendly realtor!

It helps to have an educated Realtor like Rick. He is always bettering himself through continuing education and industry related seminars that it shows. The exp...erience from beginning to end was smooth with all questions asked, answered in a timely fashion. He even went above and beyond by personally spending an entire day at our new place (while we weren't home!) cleaning and preparing the home for our arrival. Good guy and great Realtor all the way around.See More

The Honolulu Board of Realtors released the residential resale statistics for August 2017.

Single Family Homes median price is $786,250, a 5.2% increase over last August. Condos median price reaches $419,000, a 5.3% increase. The median days on market remains the same at 16 days for SFH and a slight increase to 18 days for Condos.

There were 362 SFH sales in August, up 5.2% from last year and 575 Condo sales, near a high of 580 not seen since 2006 and also an increase of 19....5%. The months of remaining inventory is 2.5 months for SFH and 2.8 months for Condos.

The market continues to show signs of tight inventory and increasing demand for homes, especially those in the more affordable condo/townhouse category.

The Honolulu Board of Realtors released the residential resale statistics for July 2017.

Single Family Homes median price is $750,000, a 0.5% increase over last July. Condos median price reaches $425,000, a 6.3% increase and a new record high. The median days on market is up 25% to 20 days for SFH and down 22.2% to 14 days for Condos.

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There were 335 SFH sales in June, up 4% from last year and 475 Condo sales is an increase of 7%. The months of remaining inventory is 2.5 months for SFH and 2.7 months for Condos.

The market continues to show signs of tight inventory and increasing demand for homes. The new record median price for condominiums/townhouses is expected as buyers shift their their housing requirements to fit with their budgets. Pending sales are up 34.3% for single family homes and up 25.4% for condos.

The Honolulu Board of REALTORS® released the MLS residential resale statistics for June 2015. Single-family home sales median sales price of $700,000, unchanged from 2014. Condominium median sales price has decreased by 6% to $338,500.
The median days on market for SFH sales is a day lower, at 18 days. The condo market has decreased by 3 days, to 22 days on market, compared to 2014. There was 3.2 months of remaining inventory in the SFH market and 3.5 months remaining inventory for condominiums, a slight increase.
SFH priced in the $350,001-$475,000 range had the least days on market at 17. Condos priced in the $375,001-$475,000 ranges has the least days on market, at 19.
SFH sales received an average of 97.7% of their list price and condominiums received 98.4%.
There were 324 SFH sales and 500 condo sales in June while 548 SFH listings and 606 condominium listings entered the market.
Access link to full report by link in my blog: http://ricknakamarealtyllc.blogspot.com/.
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